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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $147.67
- 5 Days on Market
- MLS # : T3286046
- Updated Date : 01/21/2021 at 17:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,693 sqft
- Baths : 2 full , 1 half
Listing Agent
Smith & Associates Real Estate
Listing Agent's Description
HURRY BEFORE THIS BEAUTY GETS AWAY! Situated on a picturesque POND lot in desirable Bridgewater, this 1693 sqft, 3bd/2.5ba home is perfect for those looking to Upsize or Downsize! The light & bright OPEN LIVING space on the First Floor includes the Kitchen, Breakfast Nook, Formal Dining Room, & Spacious Family Room! The Kitchen features ample cabinet space, breakfast bar, Stainless Steel Refrigerator, Dishwasher & Sink...PLUS...modern design trends and colors with grey, painted cabinets & wood-look tile floors! Whether hosting a holiday meal or relaxing by the TV, the open Dining Room/Family Room can easy accommodate a busy party or a quiet movie night! Also included on the First Floor is the Laundry Room and a REMODLED HALF BATH! NO CARPET in this home! On the Second Floor you will find the Owner's Suite and REMODELED BATH featuring a stunning white vanity with double sinks, decorative mirrors, shiplap wall, designer light fixtures, garden tub & walk-in shower! The 2 secondary bedrooms are also upstairs and share the second Full Bath. Soak up the sunshine and enjoy the peacefulness of the gorgeous pond on your Lanai & Fully Fenced Backyard! Bridgewater is a lovely community in a growing area of Wesley Chapel with well-maintained amenities including a playground, park, dog park & tennis courts! Super close to schools, restaurants, major highways, shops, Wiregrass Mall & the Outlet Mall!
SEE MORE
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
PRICE & RENT TRENDS
Neighborhood: Bridgewater
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bridgewater
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$424 | |
| Property Insurance | -$135 | |
| HOA | -$29 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$25
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$250,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
5.42
YEARS SAVED
$14,279
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,613
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
31329 Triborough Dr Wesley Chapel, FL 1
- 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 2004
- Rent
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- $1,560
- $0.92
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31352 Golden Gate Dr Wesley Chapel, FL 2
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2006
LEASED 06/09/20- Rent
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- $1,595
- $0.97
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31100 Masena Dr Wesley Chapel, FL 3
- 3 beds 3 baths ∙ 1,716 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,716 Sqft ∙ Built 2004
LEASED 08/04/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
7334 Parkersburg Dr Wesley Chapel, FL 4
- 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,831 Sqft ∙ Built 2006
LEASED 07/26/20- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
31253 Triborough Dr Wesley Chapel, FL 5
- 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2004
LEASED 01/12/21- Rent
- Rent Per SQFT
- $1,750
- $1.01
PROPERTY LISTING DETAILS
1.813.368.6084
Smith & Associates Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3286046
Last Updated: 01/21/2021
